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Jul 15, 2019
07/19
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the debt ceiling unfortunately, as you know, i can't raise the debt ceiling it's congress' job to raise the debt ceiling what i have said, and you know, given the importance of this, we run multiple scenarios of how we predict the government's cash flow i think hopefully everybody would agree that to the extent we want to limit spending, we, congress has the right to limit spending but once we agree to spend money, we have to pay for it and the credit of the united states government is of utmost importance the debt ceiling has to be raised one of our scenarios triggers a problem the first week of september before they get back so i have urged congress to raise it before they leave >> a follow-up - >> i don't see the government shutdown looming again, that's not an issue until the end of september, and i have no expectation there will be a government shutdown. >> is a short term extension, if you're unable to get a longer term deal that would punt until october, is that on the table? and can you describe the nature of your negotiations with speaker pelosi on this issue, reportedly, youha
the debt ceiling unfortunately, as you know, i can't raise the debt ceiling it's congress' job to raise the debt ceiling what i have said, and you know, given the importance of this, we run multiple scenarios of how we predict the government's cash flow i think hopefully everybody would agree that to the extent we want to limit spending, we, congress has the right to limit spending but once we agree to spend money, we have to pay for it and the credit of the united states government is of...
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Jan 19, 2023
01/23
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the debt ceiling. washington could be on the verge of default brie jackson joins us now. brie, are negotiations progressing? >> reporter: good morning, dom republicans are demanding spending cuts in return for raising the debt limit the white house says it won't negotiate and neither side wants to pay the political price of the government default the u.s. is expected to max out the borrowing limit today. meaning the clock is ticking for congress to raise the debt ceiling. >> if you are going to have the party, you have to pay the band. >> if we default on the debt, the inflation rate would be greater than it has ever been. >> reporter: experts warn this comes with consequences like a recession and stock market crash and issues on social security. the debt limit should be raised with no limits attached. >> if we think about the default or playing these political games using the debt ceiling as hostage for the kinds of so-ca so-callednegotiations -- >> reporter: house republicans want to negotiate spendi
the debt ceiling. washington could be on the verge of default brie jackson joins us now. brie, are negotiations progressing? >> reporter: good morning, dom republicans are demanding spending cuts in return for raising the debt limit the white house says it won't negotiate and neither side wants to pay the political price of the government default the u.s. is expected to max out the borrowing limit today. meaning the clock is ticking for congress to raise the debt ceiling. >> if you...
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Jan 9, 2013
01/13
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this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was supposed to keep costs down. we are going to tell you why. later on, team obama going all out an gun control. i'm glad they are meeting with the nra. but now senator feinstein wants to ban gun control. we'll be right back. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card fr
this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was...
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512
Oct 14, 2013
10/13
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it isn't because of raising the debt ceiling. it's because we don't have a credible long-term plan to deal with our nation's spending. >> let me just put a finer point on the scheduling here. is your meeting still on at 5:45? and does that only occur after after they've taken the plan for the white house? i'm just trying to get a people feel for the timeline this afternoon and into the evening. >> we have a vote on the senate floor at 5:30 on a judge. it doesn't relate to this. but all the members will be on the floor at 5:30. that's a good time for people to get to hear what's in the plan, what has been agreed to. and then each of the members decide if this is something that they can support before it goes to the next step. >> senator, once you come to an agreement in the senate and then this bill moves to the house, there are some indications, perhaps, that your colleagues in the house would want to amend the deal. do they have time to amend the deal or do you think it's imperative that they vote -- that they -- >> up or down.
it isn't because of raising the debt ceiling. it's because we don't have a credible long-term plan to deal with our nation's spending. >> let me just put a finer point on the scheduling here. is your meeting still on at 5:45? and does that only occur after after they've taken the plan for the white house? i'm just trying to get a people feel for the timeline this afternoon and into the evening. >> we have a vote on the senate floor at 5:30 on a judge. it doesn't relate to this. but...
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Sep 30, 2021
09/21
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you called me to raise the debt ceiling. not with a plan, not for a fiscal plan, not for my buy-in but for my vote. and that to me speaks volumes. i'm grateful for the outreach from you, but it speaks to the larger issue for the administration i don't envy the position you're in, i don't. the bad strategy from thiswhit house and the leadership of this house and the senate is showing they don't want republican votes. we did bipartisan bills last congress, last congress, in the mid of video, bipartisan bills, major bipartisan bills we can work together in a responsible manner, but to ask for my vote the week before it comes up in the house is not in keeping with the realities of the situation. we have the tools and the votes to get this thing done through congress it's just a question of who votes for it >> i would like to point out that in 2017, when the white house and both houses of congress were controlled by republicans and reconciliation bill was in progress, that led to the 2017 tax cuts, the debt ceiling was raised and
you called me to raise the debt ceiling. not with a plan, not for a fiscal plan, not for my buy-in but for my vote. and that to me speaks volumes. i'm grateful for the outreach from you, but it speaks to the larger issue for the administration i don't envy the position you're in, i don't. the bad strategy from thiswhit house and the leadership of this house and the senate is showing they don't want republican votes. we did bipartisan bills last congress, last congress, in the mid of video,...
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Jun 1, 2023
06/23
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voted for it we got all of the democrats to say they would never raise the debt ceiling and they voted for it >> marketing smashed the rate hike in june after two fed officials are steady, but leave the door open to further hikes. >>> and volodymyr zelenskyy volodymyr zelenskyy arrives in moldova. volodymyr zelenskyy says his country is ready to join the alliance. >> supporting up and supporting when i had the meeting with him, but it is, you know, we need all of the unity through the alliance >>> european equities open in the green andn hope that the debt ceiling is coming to an end. >>>good morning. welcome to "street signs." the u.s. house has passed the bill to raise the debt limit and cap spending days before the default deadline the act passed 314-117 those in opposition to the measure were 71 republicans and 46 democrats the measure moves to the senate where leaders on both sides want to pass it within 48 hours house speaker mccarthy admitted there had been compromises. >> is it everything i wanted no sitting with a house and democratic senate and democratic president who didn't
voted for it we got all of the democrats to say they would never raise the debt ceiling and they voted for it >> marketing smashed the rate hike in june after two fed officials are steady, but leave the door open to further hikes. >>> and volodymyr zelenskyy volodymyr zelenskyy arrives in moldova. volodymyr zelenskyy says his country is ready to join the alliance. >> supporting up and supporting when i had the meeting with him, but it is, you know, we need all of the unity...
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0.0
May 9, 2023
05/23
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the debt limit the house raised the debt ceiling, the senate has done, and the president hadn't negotiated so, i find that very odd yes? [ inaudible the first part, and i'll turn it over to the leader, the staff will get together and we'll get back together, the principles, on friday. >> all i can tell you how it was done in 2019 after i told president trump he didn't have any choice but to deal with the speaker, he designated his secretary of the tre treasury, discussions began, out of that was the debt ceiling increase and a cap proposal that lasted for two years so, i come back to where i started. the solution is between the one person in america who can sign a bill into law, and the speaker of the house and sooner they get together, the better if they get together, the bill will pass both the house and the senate on a bi ppartisan basin >> leader mcconnell clearly said the united states will not default on its debt. can you say the same, that the united states will not default -- >> yeah, because the house raised the debt limit. i'm speaker of the house, i'm not the leader of the senat
the debt limit the house raised the debt ceiling, the senate has done, and the president hadn't negotiated so, i find that very odd yes? [ inaudible the first part, and i'll turn it over to the leader, the staff will get together and we'll get back together, the principles, on friday. >> all i can tell you how it was done in 2019 after i told president trump he didn't have any choice but to deal with the speaker, he designated his secretary of the tre treasury, discussions began, out of...
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May 4, 2023
05/23
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under the previous administration, we passed a clean debt ceiling raise three times. democrats provided a majority of those votes. i don't remember hearing anyone here in the senate saying we won't do that until there are significant and sustained cuts in spending. in fact, the addition to our nation's debt under the previous administration was a record amount and president biden has reduced our annual deficits by $1.7 trillion. there is a time and a place for the discussion about the balance of revenue and spending and that's our annual appropriations process, which is already well under way. so we should pass a clean debt ceiling raise, avoid default and the sharp costs that would impose on everyone watching the interest rates rise that would affect everyone who has a mortgage, a student loan, a car loan and make sure we can deal with our spending and our budget >> i was watching some senate leaders and gop leadership the other day. senator thune said that in the last 11 debt ceiling raises, eight of them have had negotiations and i've seen some articles written whe
under the previous administration, we passed a clean debt ceiling raise three times. democrats provided a majority of those votes. i don't remember hearing anyone here in the senate saying we won't do that until there are significant and sustained cuts in spending. in fact, the addition to our nation's debt under the previous administration was a record amount and president biden has reduced our annual deficits by $1.7 trillion. there is a time and a place for the discussion about the balance...
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Jan 15, 2013
01/13
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economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but the final aim is there and everybody knows where we need to go. >> all right. let's remind you what's on today's show. we take a look out at the auto show. 5:30 eastern. spain is set to tap the bond market today. it's going to tell 12 and 18-month t bills. analysis is due in about 30 minutes' time. >>> and we'll head out to new york for discussions about dell going private. we'll have that discussion at 5:20 eastern time. before that, we'll head over to singapore to talk iron ore as rio tinto says it's boosting production by 15% this year. >>> meanwhile, just over an hour and 10 minutes into t
economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but the final aim is there...
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Jan 14, 2013
01/13
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you know we're going to see a lot of back and forth over raising the debt ceiling. sequestration is still on the horizon now. less than two months away. the continuing resolution. i want you to take a listen to the president's spokesperson this week on the debt ceiling, get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the bills that congress has incurred. >> what do you think? >> well, it's an interesting question. how does he not negotiate with congress, if congress won't raise it, if it the president doesn't do something like cut spending? so it's kind of an awkward sort of situation. and i think the troubling aspect for the markets, you basically have two immovable objects here. republicans who say we won't raise the debt ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and i'm not going to negotiate on the debt ceiling. i think if past is prologue, i don't think the markets or the private se
you know we're going to see a lot of back and forth over raising the debt ceiling. sequestration is still on the horizon now. less than two months away. the continuing resolution. i want you to take a listen to the president's spokesperson this week on the debt ceiling, get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the bills that congress has incurred. >> what do you think? >>...
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Sep 19, 2013
09/13
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if the debt ceiling doesn't get raised what happens? >> i think if the debt ceiling doesn't get raised, or if we get some sort of grand bargain which it doesn't seem we're close to that but let's say we do, i think that's a negative for the stock market because if you don't have the debt ceiling raised or you get a grand bargain you've put a permanent fiscal ceiling. >> what kind of grand bargain are your thinking about? >> anything that caps fiscal spending. i'm not advocating one way or the other. i'm talking about market perspective. >> that's so bullish for the economy. >> listen -- >> you sound like ben bernanke. he's afraid of spending cuts. >> you have to separate economics from the financial markets. the financial markets have not priced in any type of agreement. the financial markets are betting the fact that there will be no agreement and they will get continued quantitative easing. >> i see. at the bottom of that it took him a while to get that out. what he's angling for is no deal so the fed will ease. do you agree. >> there
if the debt ceiling doesn't get raised what happens? >> i think if the debt ceiling doesn't get raised, or if we get some sort of grand bargain which it doesn't seem we're close to that but let's say we do, i think that's a negative for the stock market because if you don't have the debt ceiling raised or you get a grand bargain you've put a permanent fiscal ceiling. >> what kind of grand bargain are your thinking about? >> anything that caps fiscal spending. i'm not...
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137
Oct 14, 2013
10/13
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the debt ceiling and end the government shutdown. health care was the best-perfuming sector. the dow started the session sharply lower but staged a midday turnaround as reports on progress on the negotiations came in. we also want to show you the russell 2000 index of small cap stocks which hit another all-time high thanks to a resurgence in momentum names. the bond market was closed for columbus day. >> big russell 2000, usually very bullish. jim lacamp joins us. let's pick up where seema mody left off. russell 2000, new all-time high. what's that mean? >> it's good news. you look at the russell and the mid caps, they're setting new highs. this market looks like it wants to go higher. the first thing to do is pay attention to the market. i think the market will go higher between now and the end of the year. we have performance-chasing issues. i think bonds are a risky investment. investors don't know what to do with them. the federal reserve is being painted into a second corner because of the one that they created but now because o
the debt ceiling and end the government shutdown. health care was the best-perfuming sector. the dow started the session sharply lower but staged a midday turnaround as reports on progress on the negotiations came in. we also want to show you the russell 2000 index of small cap stocks which hit another all-time high thanks to a resurgence in momentum names. the bond market was closed for columbus day. >> big russell 2000, usually very bullish. jim lacamp joins us. let's pick up where...
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Oct 5, 2021
10/21
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ceiling raise? >> i think what we've seen in terms of the market's response to the debt limit is that about a week before that x date, the markets do start getting nervous. we've seen some jittery, so i think we can expect that as we get closer to the date without a resolution, but in terms of this bipartisan bill, the bif and then the build back better agenda, this sreconciliation bill, our long standing view has been that failure is not an option for democrats and in some ways, this sort of drama around the debt ceiling probably means that's even more true. that they need to show americans that they can govern that they are kind of competent stewards of the economy, of the government, and that it increases the sense of urgency that they need a deal on these things i may be more iterative in terms of ultimately getting a deal, but we believe there will be a resolution on both the bipartisan deal and this reconciliation deal by the end of the year. >> that's a really important point there that this
ceiling raise? >> i think what we've seen in terms of the market's response to the debt limit is that about a week before that x date, the markets do start getting nervous. we've seen some jittery, so i think we can expect that as we get closer to the date without a resolution, but in terms of this bipartisan bill, the bif and then the build back better agenda, this sreconciliation bill, our long standing view has been that failure is not an option for democrats and in some ways, this...
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Jul 23, 2019
07/19
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reaching a two-year deal to lift the debt ceiling and raise federal spending levels. president trump tweeting the news late last night calling it a real compromise, much more on that big deal coming up. here's how your money and the global markets are setting the day up ahead the dow will open higher as investors away results from a slew of companies. the s&p by 8 points, the dow jones, 82. coca-cola, biogen, lockheed martin, united technologies among the many companies reporting results later on today. you can see one of the busiest days of earnings so far. the bond market is moving just slightly here with ten-year note yields around 2.06% a hair higher on ten-year note yields two-year note yields, 1.833% as well let's go worldwide in the asian trade. we did see a move higher there as well. the nikkei in japan up bay full percent. the shanghai composite up about a half of a percent. that green theme is playing out in european trading as well. some strong gains there. the german dax up by 1%. the cac in france a half percent. the ftse 100 up about three quarters of a
reaching a two-year deal to lift the debt ceiling and raise federal spending levels. president trump tweeting the news late last night calling it a real compromise, much more on that big deal coming up. here's how your money and the global markets are setting the day up ahead the dow will open higher as investors away results from a slew of companies. the s&p by 8 points, the dow jones, 82. coca-cola, biogen, lockheed martin, united technologies among the many companies reporting results...
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111
Oct 8, 2013
10/13
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the debt ceiling. if they can't do it for a long time, do it for the period of time that the negotiations are taking place. why is it we've got hundreds of thousands of people not working right now in order for what you describe to occur. that doesn't make any sense. the small business association fwivs out billion dollars every month to small businesses across the country. that's not happening right now. so small businesses in every state that are counting on a loan to get their business going and you've got the party of small business saying small business administration can't do it. that's what they call themselves. and yet they're suffering. you've got farmers waiting for loans. they cannot be processed. i happen to disagreement think the farmers have done real good under my administration but having said that, why would you keep the government shut down and farmers not getting their loans while we're having the discussions you just talked about? you know, the republicans say they're very concerned
the debt ceiling. if they can't do it for a long time, do it for the period of time that the negotiations are taking place. why is it we've got hundreds of thousands of people not working right now in order for what you describe to occur. that doesn't make any sense. the small business association fwivs out billion dollars every month to small businesses across the country. that's not happening right now. so small businesses in every state that are counting on a loan to get their business going...
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149
Oct 10, 2013
10/13
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ceiling raised? >> my understanding, larry, is that conversations are continuing tonight. i think the good news in particular in terms of market expectations for tomorrow is that leadership, both party, both chambers are talking with each other and are exchanging ideas. you are right that leader reid has the position and is strongly supported by the democratic caucus. that speaker boehner should simply take to the floor a cr that would allow the government to reopen. day after day, for the last ten days we hear unexpected, unintended negative consequences of this shutdown. i've heard from the poultry industry in delaware, for example, something i didn't realize would be a consequence of a federal shutdown the vaccines that are needed for the next turn of the poultry flocks can't be released so that chicken growers in delaware can't grow their next flock because the fda is not there to certify. i heard earlier today from the ceo of major delaware company that they've got tens of millions of dollars of
ceiling raised? >> my understanding, larry, is that conversations are continuing tonight. i think the good news in particular in terms of market expectations for tomorrow is that leadership, both party, both chambers are talking with each other and are exchanging ideas. you are right that leader reid has the position and is strongly supported by the democratic caucus. that speaker boehner should simply take to the floor a cr that would allow the government to reopen. day after day, for...
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Sep 28, 2021
09/21
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what would be the impact on the economy if they block all efforts to raise the debt ceiling? >> [ inaudible ] event in american history it would be disastrous for the american economy, for global financial markets and for millions of families and workers, whose financial security would be jeopardized by delayed payments for example, nearly 50 million seniors would or could stop receiving social security payments or see them delayed troops would not know when paychecks would come 30 million family whose rely on the child tax credit would not receive the monthly payment on time unemployment would surely rise and as we saw in 2011, even coming very close to the deadline without raising the debt ceiling can undermine the confidence of financial markets in the credit worthiness of the united states, that led to a debt down grade and soaring interest rates, which ends up raising payments on mortgages, auto loans and credit cards. >> thank you you made clear the debt ceiling's about money. we've already spent the cares act that republicans voted for and president trump signed into l
what would be the impact on the economy if they block all efforts to raise the debt ceiling? >> [ inaudible ] event in american history it would be disastrous for the american economy, for global financial markets and for millions of families and workers, whose financial security would be jeopardized by delayed payments for example, nearly 50 million seniors would or could stop receiving social security payments or see them delayed troops would not know when paychecks would come 30...
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Apr 24, 2023
04/23
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ceiling or what the house used to do, which is deem the national debt ceiling raised to finance whatever budget they've just passed that was very sensible they haven't done that for a while. they could go back to that so, there are lots of better ways out, absolutely but, you know, we have a rather strange house of representatives right now, let's put it that way. >> pimco is out again today, they do a monday piece looking at washington. they say again this morning, alan, we do not think this is a repeat of 2011 republicans have a much smaller majority in the house than they did back then. polls show more americans favor a clean raise. does any of thatliate your worries? >> a little bit, but not much. i mean, i -- instead of visions of sugar plums dancing in my head, i'm seeing marjorie taylor greene, matt gaetz and a number of others who by their behavior seem to relish tearing the house down if i believe nobody in the house, almost no one in the house wanted to tear the house down, i feel a lot better about this we've gone to the wire on this a number of times in the past. but not over
ceiling or what the house used to do, which is deem the national debt ceiling raised to finance whatever budget they've just passed that was very sensible they haven't done that for a while. they could go back to that so, there are lots of better ways out, absolutely but, you know, we have a rather strange house of representatives right now, let's put it that way. >> pimco is out again today, they do a monday piece looking at washington. they say again this morning, alan, we do not think...
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Sep 28, 2021
09/21
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. >>> a dire warning from secretary chair janet yellen if we don't raise the debt ceiling the country could face a recession and debt crisis, no big deal we will follow the latest action >>> first over to dom chu with a look at today's big market drop. >> it is not just the drama in d.c., it is drama everywhere these days, right, kelley? for the longest time we haven't seen volatility, it has come to a head over the last couple of days, specifically with evergrande over the past week in china and now given the concerns over the debt ceilings and everything else in america what we have is a very down market it is actually toward session lows right now the dow industrial is down 580 points, 1.75% down there the s&p 500, 4349 right there. up 94 points to provide context around the trading day, at the highs of the day we were down roughly 24 points, at the lows of the day down now about 96. just again at about the lows of the session so far, off more than 2%. nearly 3% declines for the nasdaq composite, off 417 points, 14,552 the last trade there. within the broader technology, nasdaq ste
. >>> a dire warning from secretary chair janet yellen if we don't raise the debt ceiling the country could face a recession and debt crisis, no big deal we will follow the latest action >>> first over to dom chu with a look at today's big market drop. >> it is not just the drama in d.c., it is drama everywhere these days, right, kelley? for the longest time we haven't seen volatility, it has come to a head over the last couple of days, specifically with evergrande over...
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May 17, 2023
05/23
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as you pointed out, the white house has been sailing, clean debt ceiling raised, clean debt ceiling raised, clean debt ceiling raised for the last five months the team has also significantly changed. biden's lead has taken over. the speaker and minority leader announced steve machete, a legislative veteran from the clinton area and shalanda young from omb have announced they would take the lead. it wes clarified lisa terrell would stick take part. but in the previous announcement it was steve machete and shalanda young taking the lead. >> machete was around in joe biden's past are you referencing the days when joe biden really liked to negotiate? >> absolutely. steve machete has a bit of a reputation of being a wheeler dealer he certainly was around when joe biden was going to the hill and negotiating with mitch mcconnell. you could see a repeat of those cases, which back in those days when he was vice president, he really upset the left wing of the party because he would make a negotiation at the last second you're already seeing some rumblings from the left wing in congress saying, you k
as you pointed out, the white house has been sailing, clean debt ceiling raised, clean debt ceiling raised, clean debt ceiling raised for the last five months the team has also significantly changed. biden's lead has taken over. the speaker and minority leader announced steve machete, a legislative veteran from the clinton area and shalanda young from omb have announced they would take the lead. it wes clarified lisa terrell would stick take part. but in the previous announcement it was steve...
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0.0
May 3, 2023
05/23
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default the latest in the partisan fight to raise the debt ceiling and why an agreement might not be great for the stock market we have that next. dow up 41. a dedicated advisor plan, can help you grow and protect your wealth, even when you're not working. they'll look at your full financial picture and help you create a flexible strategy designed to balance growth potential and guaranteed income. so you can stop worrying about the future and enjoy the life you've created. that's the planning effect. from fidelity. (vo) verizon small business days are back. april 27th through may 3rd.. get a free tech check and special offers. like a free 5g phone. get started today with verizon business. it's your business. it's your verizon. . >>> welcome back, everybody. a little over ten minutes now from the fed's latest rate decision and not the only thing looming large in washington. with the debt ceiling debate raging in congress, janet yellen said the u.s. could default as early as june 1st. our next guest says for the first time in 35 years, rate hikes are impacting the federal budget, raisi
default the latest in the partisan fight to raise the debt ceiling and why an agreement might not be great for the stock market we have that next. dow up 41. a dedicated advisor plan, can help you grow and protect your wealth, even when you're not working. they'll look at your full financial picture and help you create a flexible strategy designed to balance growth potential and guaranteed income. so you can stop worrying about the future and enjoy the life you've created. that's the planning...
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Apr 24, 2023
04/23
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and had this which had a big toll on dcongress it is not just binary, the debt ceiling raised or not raiearaisd >> certainly something to watch for investors. i want to focus on china and australia. they are linked closely economically about one-third of all australia's goods go to china and they do one-third of trade to china >> it means australia is taking the security risks in the region very seriously you know, perhaps in contrast to europe, where i'm based, is looking to be more muscular in its approach to be able to strengthen its defense the peace dividend is truly dead and so is the defense budgets which increase we had the alcoa steel last year in australia and the u.s we should expect to see more defense spending as a way of signaling, frankly, that the powers take security seriously and take china seriously china is spending exponentially more for years now. >> two conflicts to watch. ukraine and now sudan. which one should investors pay more attention to? >> the answer to that question is which one is systemic that is where the ukraine conflict has had surprised many inve
and had this which had a big toll on dcongress it is not just binary, the debt ceiling raised or not raiearaisd >> certainly something to watch for investors. i want to focus on china and australia. they are linked closely economically about one-third of all australia's goods go to china and they do one-third of trade to china >> it means australia is taking the security risks in the region very seriously you know, perhaps in contrast to europe, where i'm based, is looking to be...
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Apr 17, 2023
04/23
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>> a bunch of short-term clean debt ceiling raises. my point is it is a leverage point to get the parties to come together to do spending reforms. we want to cut the rate of growth in spending we want to save taxpayer money we want to have a pro-growth approach bypas passing hr-1. >> it is not just cutting the budget deficit, but giving everybody everything else. >> it is not right to say where is your budget against the debt ceiling? you have the chance to talk about structure reforms in the debt ceiling debate as opposed to the spending number i think americans are tired of inflation. we want to offer supply side. >> energy and ramming other stuff. >> it is not ramming it. it is things we think would lower inflation. these are republican ideas for the president's consideration to lower inflation and make the economy more effective to hiring workers. we are short workers every employer in my district cannot find the help they need and save the money to repeal what is left of unspent covid money. we propose to try to cut some of the sp
>> a bunch of short-term clean debt ceiling raises. my point is it is a leverage point to get the parties to come together to do spending reforms. we want to cut the rate of growth in spending we want to save taxpayer money we want to have a pro-growth approach bypas passing hr-1. >> it is not just cutting the budget deficit, but giving everybody everything else. >> it is not right to say where is your budget against the debt ceiling? you have the chance to talk about...
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Jan 15, 2013
01/13
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the debt ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating. >> but the chairman was fairly upbeat on the outlook for u.s. growth. but, gave no clear hints on when the fed would curb its aggressive bond purchases. we'll have more on the debt ceiling in the next hour when we speak to senator rob portman. you guys, wilbur, you also said we have -- we are fully ready with inflation, we have all the tools we need to exit. >> well, i caution a little bit. historically the fed has always bought short-term paper and it's easy then to raise the interest rates. again you let the paper roll off, you sell it. now they've been buying long-term paper. rates start to go up
the debt ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating....
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Jan 11, 2013
01/13
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ceiling, that is, if republicans don't agree to raise the debt ceiling. they would like the president to do almost anything he can, including what -- apparently what they call the constitutional option which is the 14th amendment in which the president would simply say that it's unconstitutional not to honor the nation's debt and simply refuse to go along with the debt ceiling itself. maria? >> all right. eamon, thanks very much. >> howard, given what eamon just reported and the fact that you made the statement that we need to cut spending a lot with the emif a sis on a lot, it doesn't sound like the president isn't ready to listen to you. >> when they did the fiscal cliff deal which was a relative nothing, raised a lot of taxes and didn't cut any spending. >> exactly. >> so when they did that deal, they kicked the cuts -- the cuts in the pentagon and the human services $1.2 trillion down the road for two months, so there may yet be a ton of spending cuts. that's what i'm hoping for, and i think -- i think the suggestion that there's got to be some signif
ceiling, that is, if republicans don't agree to raise the debt ceiling. they would like the president to do almost anything he can, including what -- apparently what they call the constitutional option which is the 14th amendment in which the president would simply say that it's unconstitutional not to honor the nation's debt and simply refuse to go along with the debt ceiling itself. maria? >> all right. eamon, thanks very much. >> howard, given what eamon just reported and the...
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Oct 8, 2013
10/13
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cuts currently in place under the sequester and raise the debt ceiling. but portman's proposal may not gabe any traction. at the same time, new polls show the republicans are drawing more fire from the government shutdown than the democrats or president obama. a survey by the pugh research center find 38% blame the gop while 30% blame the administration. that's more sharply divided than two weeks ago. but 58% of democrats and 54% of republicans say it would be unacceptable for their side to back down. that's not a great stat. overall, a majority of the public is concerned about the economic impact of the closure. >>> at the same time, top wall street executives warning that any efforts to prioritize payment of the u.s. debt ceiling is breached could pose risks. according to the journal, meetings with the white house bank ceo ons say putting some ahead of others would create uncertainty, driving up interest rates and disrupting markets. the general said the social security administration has begun warning that it can't guarantee it will be able to make ful
cuts currently in place under the sequester and raise the debt ceiling. but portman's proposal may not gabe any traction. at the same time, new polls show the republicans are drawing more fire from the government shutdown than the democrats or president obama. a survey by the pugh research center find 38% blame the gop while 30% blame the administration. that's more sharply divided than two weeks ago. but 58% of democrats and 54% of republicans say it would be unacceptable for their side to...
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Sep 21, 2021
09/21
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i know a lot of us have kind of gotten enured to these debt ceiling talks. it's a crisis, it seems to get averted at the last minute, would you vote no on something to raise the debt ceiling which is basically agreeing to pay the bills that we have already bugged for this year the treasury secretary says we'll run out of money in october? >> yeah, it is eend of october so we're not up against it typically, we wait until we are up against it. so this is putting the cr, which is the september 30th deadline along with the deadline so it's
i know a lot of us have kind of gotten enured to these debt ceiling talks. it's a crisis, it seems to get averted at the last minute, would you vote no on something to raise the debt ceiling which is basically agreeing to pay the bills that we have already bugged for this year the treasury secretary says we'll run out of money in october? >> yeah, it is eend of october so we're not up against it typically, we wait until we are up against it. so this is putting the cr, which is the...
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Jan 17, 2013
01/13
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the debt ceiling will be raised, right. >> i agree. the debt limit should be raised. >> should be raised with spending cuts and policy changes. >> why. >> so we can put our nation on a path to balance. >> why not have the fight on resolution. you're talking about future spending and not threatening the full faith and credit of the u.s. government. >> nobody is threatening the full faith and credit. >> it undermines your argument to have it during the debt ceiling debate. >> we can have this debate right now. we need it for the next month and come together a month from now and figure out where we stand. to prejudge this debate and say the president won't do x, the president won't accept cuts before we go the american people and say it's unreasonable to have a president of the united states who doesn't think we have to have spending cuts. >> i would be advising the president the same thing. look out to congress you guys send me a bill to raise the debt ceiling. >> you would be advising the president. >> use the spending sequester. it's s
the debt ceiling will be raised, right. >> i agree. the debt limit should be raised. >> should be raised with spending cuts and policy changes. >> why. >> so we can put our nation on a path to balance. >> why not have the fight on resolution. you're talking about future spending and not threatening the full faith and credit of the u.s. government. >> nobody is threatening the full faith and credit. >> it undermines your argument to have it during the...
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Oct 9, 2013
10/13
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you may just get the debt ceiling raised. but in the final analysis, the person with the last laugh may be john boehner. he may ultimately get the grand bargain that nobody thought at the beginning of this year was possible, by playing this the way he's played it. he's gotten a lot of criticism for it. >> sort of a mini grand bargain. >> mini. if we start doing entitlement reforms, may not be a grand bargain. but you get entitlement reform and some of these bad elements of obama care repealed like the device tax, it's a pretty big win for the speaker. >> mark hanna, i think it's also a pretty good win for the economy. the economy needs boosting. that's really the key point. and all this talk of a shutdown and a debt default and so forth is not going to boost the economy. it's just the reverse. that's why i think obama left the door open today. i am usually a critic but i looked at that press conference and said, wait a minute, let's parse through this. what is your take on obama's opening and paul ryan's response and sarah fa
you may just get the debt ceiling raised. but in the final analysis, the person with the last laugh may be john boehner. he may ultimately get the grand bargain that nobody thought at the beginning of this year was possible, by playing this the way he's played it. he's gotten a lot of criticism for it. >> sort of a mini grand bargain. >> mini. if we start doing entitlement reforms, may not be a grand bargain. but you get entitlement reform and some of these bad elements of obama...
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Sep 20, 2021
09/21
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to be easier to raise the debt ceiling. in order to open the government, you have to attach an increase and infrastructure funding to it if we are going to see a weakness around the highway trust fund or debt ceiling, i think that's a buying opportunity. these issues are as polarizing as i have ever seen on washington i think we are going to see chaos in the markets until we get a resolution. >> we have funded 18 months of sim lus spending, you could argue it is a victim of its own success because of the inflationary pressures we are seeing as a result >> absolutely, kelly i would argue there are a number of reasons people say the economy is slowing one of them is the delta variant. it peaked. technically we should be getting a better economy here that comes from that. the question is whether this fiscal drag we are facing is also contributing to it. we did so much stimulus in the first half of this year that it boosted groeft, led to higher inflation, and now that spending is beginning to roll off, roll off in meaningful w
to be easier to raise the debt ceiling. in order to open the government, you have to attach an increase and infrastructure funding to it if we are going to see a weakness around the highway trust fund or debt ceiling, i think that's a buying opportunity. these issues are as polarizing as i have ever seen on washington i think we are going to see chaos in the markets until we get a resolution. >> we have funded 18 months of sim lus spending, you could argue it is a victim of its own...
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Aug 31, 2017
08/17
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intend to raise the debt ceiling nobody is going to let the u.s. government default on the debt. >> as a clean bill >> again, i said before, my preference is to pass a clean bill but at the end of the day, it's all about raising it i don't want to raise it and attach it to something, that's fine with me as well >> is it possible they would attach harvey aid to the debt ceiling bill >> again, i'm not going to comment on any of the specifics. i'll tell you, we're having discussions with the leadership. we're having discussions with the republicans and the democrats. and i'm very confident we'll get this raised. >> what kind of economic impact are you expecting from the hurricane? >> i think it's a little too early to tell. but i think there definitely is going to be some economic impact obviously we're looking at what has been a devastating storm it's not finished. >> recent develop ment, the dollar is weakening for quite some time. do you look at that as a positive develop ment or negative development what is your view on the level of the dollar and
intend to raise the debt ceiling nobody is going to let the u.s. government default on the debt. >> as a clean bill >> again, i said before, my preference is to pass a clean bill but at the end of the day, it's all about raising it i don't want to raise it and attach it to something, that's fine with me as well >> is it possible they would attach harvey aid to the debt ceiling bill >> again, i'm not going to comment on any of the specifics. i'll tell you, we're having...
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May 12, 2023
05/23
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since 1960, how many times has congress raise the debt ceiling? thane swer when cnbc's "squawk box" continues could really get d to this retirement thing. ahhh! coach k, there's a goat here. the story of my life. no coach, there is a goat here! whaaa! what's this? a thousand dollar hospital bill? but i have good health insurance! gaaaaaap! did you say 'gap'? he's talking about the expenses health insurance doesn't cover. but with aflac, you can get money to help close that gap. aflac, huh? gaaaap! aflac! gaaaap! get help with expenses health insurance doesn't cover at aflac.com the two most important things in golf are your swing and your style. dick's sporting goods has everything you need to upgrade both. find top-rated drivers and irons from callaway, taylormade, titleist and ping. tour balls from your favorite brands. and the most dapper styles from travismathew and walter hagen to calia and lady hagen. you handsome devil. select the best golf shoes like footjoy, nike and more. and get back on the course with one-hour pick up. look good and pl
since 1960, how many times has congress raise the debt ceiling? thane swer when cnbc's "squawk box" continues could really get d to this retirement thing. ahhh! coach k, there's a goat here. the story of my life. no coach, there is a goat here! whaaa! what's this? a thousand dollar hospital bill? but i have good health insurance! gaaaaaap! did you say 'gap'? he's talking about the expenses health insurance doesn't cover. but with aflac, you can get money to help close that gap. aflac,...
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Dec 8, 2021
12/21
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ceiling issue that is consistent with republican views of raising the debt ceiling for this amount at this particular time and allows the democrats to own it which they are happy to do a new report out projected it would set off a stock market crash that would set off $19,000 from a typical 401 k. treasury yields spike 1.46%. adding to a spike of nearly $100,000 to the loan there is optimism congress will meet itsdeadline that's right. this is unnecessarily complex. the only thing they are able to agree on is how they are able to raise the debt limit there are a lot of people in wash that say this is a sign the system is just flat out broken there is momentum that would create a path way that any support or passage of that bill is far off >> everything seems to be a heavy lift these days. >> to beijing now. another developer trying to make good on interest makers to members. call it evergrande 2.5 w -- 2.0 >> this company is called kaisa. the company suspended its shares today no reason given. kaisa said in the past, it was going to be able to work out some off shore debt payments the
ceiling issue that is consistent with republican views of raising the debt ceiling for this amount at this particular time and allows the democrats to own it which they are happy to do a new report out projected it would set off a stock market crash that would set off $19,000 from a typical 401 k. treasury yields spike 1.46%. adding to a spike of nearly $100,000 to the loan there is optimism congress will meet itsdeadline that's right. this is unnecessarily complex. the only thing they are able...
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Sep 23, 2013
09/13
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toomey had last year which says no matter what happens, if the debt ceiling isn't raised, our bonds and our obligations will be paid first and that will quiet down wall street and foreign investors. i think that has to pass at least the house in order to make the other part, a one-year delay of obama care possible. >> i want to see the debt ceiling raised because i don't want to mess with that, never believed in that. having said that, can they get, is there a legislative way to get a vote on a one-year delay of the individual mandate? let me say this again, john fund. congress and its staff exempting themselves from obama care, that is really unpopular. the lack of verification, really unpopular, the lack of security for personal information, really unpopular, the exchanges themselves are nowhere ready. in other words, john, having exempted business and having watched labor squealing left and right, i think there's a lot of popular support, matt miller, for a delay of the individual mandate. >> again, we just -- we just disagree, larry. there's already exemptions for people for who
toomey had last year which says no matter what happens, if the debt ceiling isn't raised, our bonds and our obligations will be paid first and that will quiet down wall street and foreign investors. i think that has to pass at least the house in order to make the other part, a one-year delay of obama care possible. >> i want to see the debt ceiling raised because i don't want to mess with that, never believed in that. having said that, can they get, is there a legislative way to get a...
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133
Feb 1, 2013
02/13
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today the senate agreed with the house and passed an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the absence of cutting spending someplace to replace those 1.2 -- >> got to take it where you get it. >> it's not the only way we're going to get it. >> it's never a good time to cut spending. it's one of the things i've learned. i guess i saw it years ago when i worked down there. but reporting on this thing night after night, one of the things i learned, senator moran, is it's never a good time to cut spending. so march 1st is an interesting deadline. >> i'm not voting to set the sequester aside unless we cut the 1.2 trillion someplace else. >> good luck on that. senator jerry moran of kansas, thank you ve
today the senate agreed with the house and passed an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the...
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Oct 3, 2013
10/13
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we need a budget, we need the debt ceiling to be raised. let's get those done and worry about the -- and get done some fundamental things. >> mr. secretary -- >> i want to talk to you -- go ahead, becky. >> one quick question for you, mr. secretary. yesterday, the president was on our air speaking with john harwood. he said informevestors should n so complacent this time around with the standoff in washington. this time is different. would you agree with that? maybe he's looking for something more like what happened after t.a.r.p. when it got voted down the first time. >> well, this is not that situation, but the last thing this economy needs is uncertainty. and like it or not, the government's the biggest hire. even those layoffs and the effects hurt and on top of it all, this just is putting a big target on our forehead because it's saying we're the gang that can't shoot straight. we can't work together in government. so it just leads to a lack of confidence. so what i think we need is to restore confidence. and the only way to restore co
we need a budget, we need the debt ceiling to be raised. let's get those done and worry about the -- and get done some fundamental things. >> mr. secretary -- >> i want to talk to you -- go ahead, becky. >> one quick question for you, mr. secretary. yesterday, the president was on our air speaking with john harwood. he said informevestors should n so complacent this time around with the standoff in washington. this time is different. would you agree with that? maybe he's...
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May 9, 2023
05/23
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. >> the only option that leaves our economy in good shape is raising the debt ceiling and making clear that congress stands behind the basic principle that america pays its bills. >>> good morning i was going to say happy monday. it is not. bank holiday. >> you had the day off yesterday. >> you put in the hard work yesterday. so much going on in markets. we are coming to the end of the bank earning season. we are looking ahead to the central bank meeting this week another bumper week. >> absolutely after the week last we're we -- week we will see what the ecb does thursday >> with that, let's look at the markets and how they are faring. all of the indices are treading under water. we are in the red for the majors ftse 100 is down .10%. julianna and i were saying it was a bank holiday yesterday we will focus on the bank meeting. we are seeing a recovery in the banking names of nat west at the top of the index it is all negative cac 40 in france is trade in the red. dax is shy of 16,000 one name we are watching is daimler truck. we will spec tak to the ceo in a half hour on the program w
. >> the only option that leaves our economy in good shape is raising the debt ceiling and making clear that congress stands behind the basic principle that america pays its bills. >>> good morning i was going to say happy monday. it is not. bank holiday. >> you had the day off yesterday. >> you put in the hard work yesterday. so much going on in markets. we are coming to the end of the bank earning season. we are looking ahead to the central bank meeting this week...
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Jan 14, 2013
01/13
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the debt ceiling, or exercise the responsibility that they have kept for themselves and raise the debt ceiling. because this is about paying your bills. everybody here understands this. i mean this is not a complicated concept. you don't go out to dinner and then eat all you want and leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way the american people. you don't -- if congress wants to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's a debate that we should have. but you don't say in order for me to control my appetites i'm going to not pay the people who already provided me services. people who already lent me the money. that's not -- that's not showing any discipline. all that's doing is not meeting your obligations. you can't do that. and that's not a credible way to run this government. we've got to stopler muching from crisis to crisis to crisis when there's this crisis that requires some compromise. that's where we need to go
the debt ceiling, or exercise the responsibility that they have kept for themselves and raise the debt ceiling. because this is about paying your bills. everybody here understands this. i mean this is not a complicated concept. you don't go out to dinner and then eat all you want and leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way the american people. you don't -- if congress wants to have a debate about maybe we shouldn't...
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Sep 5, 2017
09/17
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the fact that you have to work your way through raising the debt ceiling and getting a budget for 2018 accomplished before you can do that is the only thing the markets see the quicker we can get these things accomplished, the better off the market will react. what about the fed in the latest expectations, give than we're not expecting huge movement on the political front. is the date coming through on things like inflation a more important thing for the market >> i think the fed has been clear, they'll normalize the balance sheet before raising rates again. we'll hear about that. that's okay. the market has that priced in. right now the market has it priced in at a rate hike in december if they were to get balance normalization and raise rates in december that would mean we have not had bumps in the road in terms of a data stream the market is in a place where they need good news. if the fed starts to normalize the balance sheet and raise rates one more time, that's a positive >> what's your view of the u.s. dollar, it was weak for most of this year. august suggested it was coming to
the fact that you have to work your way through raising the debt ceiling and getting a budget for 2018 accomplished before you can do that is the only thing the markets see the quicker we can get these things accomplished, the better off the market will react. what about the fed in the latest expectations, give than we're not expecting huge movement on the political front. is the date coming through on things like inflation a more important thing for the market >> i think the fed has been...
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Sep 5, 2017
09/17
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the debt ceiling. taking that out of the field of play is a real risk. but now with daca, that seems to be -- there seems, at least, to be a new thought that perhaps the democrats could look to demand some legislation there to pair so we may be starting to see some concern yet again about the debt ceiling that at least last week seems to abate a bit. >> right you have even some republicans saying no, no, no, we don't want to kind of grease the skids for debt ceiling increase by putting it with the harvey aid so, it's another element of the noise. and i think it's something that -- something else or a couple of things vaulted in front of let's get the budget debt ceiling down so we get on to proactive -- >> lots of things keep being put in line. tax reform who knows where that fits on the agenda as for irma, category 5, maximum sustained winds 175 miles an hour by some measures this is the strongest hurricane of the satellite era, some were saying and certainly the only cat 5 we've seen in the atlantic
the debt ceiling. taking that out of the field of play is a real risk. but now with daca, that seems to be -- there seems, at least, to be a new thought that perhaps the democrats could look to demand some legislation there to pair so we may be starting to see some concern yet again about the debt ceiling that at least last week seems to abate a bit. >> right you have even some republicans saying no, no, no, we don't want to kind of grease the skids for debt ceiling increase by putting it...
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0.0
May 8, 2023
05/23
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debt ceiling. >> we do need to raise the debt ceiling to avoid economic calamity we would simply not have enough cash to meet all of our obligations, and it's widely agreed that financial and economic chaos would ensue >> yellen making those comments yesterday, the day before the berkshire hathaway annual meet hearing in omaha warren buffett described poor messaging on the debt ceiling and recent banking turmoil >> you shouldn't have so many people that misunderstand the fact that although this may be a debt ceiling, it's going to get changed. although there's a $250,000 limit on fdic, the fdic and the u.s. government and american public have no interest in having a bank fail and have deposits actually lost by people we had a demonstration project the weekend of silicon valley bank and the public is still confused >> the next potential debt ceiling catalyst, president biden, is set to meet the top republicans and democrats from the house and senate tomorrow. joining right now ahead of that is texas congressman jody arington thank you very much for being here today i've heard you've d
debt ceiling. >> we do need to raise the debt ceiling to avoid economic calamity we would simply not have enough cash to meet all of our obligations, and it's widely agreed that financial and economic chaos would ensue >> yellen making those comments yesterday, the day before the berkshire hathaway annual meet hearing in omaha warren buffett described poor messaging on the debt ceiling and recent banking turmoil >> you shouldn't have so many people that misunderstand the fact...
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Oct 14, 2013
10/13
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we will have to cut off spending for something if we do not raise the debt ceiling. period end of story. >> quickly for our radio listeners sake, we're watching the markets it tick up. we're up by about 43 points on the dow. you've got reid and mcconnell expressing optimism and an agreement will be reached. mcconnell is hoping to get a result both sides agree to and like. we were just before they were speaking only up by about 20 points there on the dow. so session highs right now on some optimism but things will hopefully get done before d-day, crunch day, in three day's time. >> got to hug it out. physical contact, dow up 100 points. >> i would like to see that. #hug it out. >> there we go. bring in cnbc contributors tony and jared, despite being on opposite sides of the political playing field these two have probably shaken hands or hugged it out once or twice. do you believe that we're going to have a deal here within the next hour or two? >> i'm not sure about the next hour or two, but i do think within the next day or two. i thinks there's reason for some optim
we will have to cut off spending for something if we do not raise the debt ceiling. period end of story. >> quickly for our radio listeners sake, we're watching the markets it tick up. we're up by about 43 points on the dow. you've got reid and mcconnell expressing optimism and an agreement will be reached. mcconnell is hoping to get a result both sides agree to and like. we were just before they were speaking only up by about 20 points there on the dow. so session highs right now on some...
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Oct 11, 2021
10/21
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like to remind people during ronald reagan's presidency, the debt ceiling was raised, i think, 17 times without incident this is a self-inflicted wound so i probably fall somewhere between investors who say it doesn't matter, it'll get fixed. and, you know, secretary yellen whose job is to say the sky will fall, literally, if we don't raise the debt ceiling but i am more worried about u.s. political risks than i have been for some time. >> yeah. i agree. because i tell you what, tina, we know that inflation is bad. inflation is coming. inflation is already here by the way. we're starting to hear the words stag-flation popping up. debt is going to continue to rise let's be fair to all political leaders in both parties, the mcconnells, the bidens, the schumers, poelosis, they're up there in age this debt load is not on them. they're not going to be there to pay the bill that bill is going to be passed on higher interest rates with higher debt levels i just wonder if those things occur, what's going to happen for the american company for the next 10, 15 years when millennials and gen zers
like to remind people during ronald reagan's presidency, the debt ceiling was raised, i think, 17 times without incident this is a self-inflicted wound so i probably fall somewhere between investors who say it doesn't matter, it'll get fixed. and, you know, secretary yellen whose job is to say the sky will fall, literally, if we don't raise the debt ceiling but i am more worried about u.s. political risks than i have been for some time. >> yeah. i agree. because i tell you what, tina, we...
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May 9, 2023
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and, two, both sides believe not raising the debt ceiling would be very bad. and probably are unwilling to try to play a game where it's not raised and there's a market fallout but they can blame the other side i don't think that's what either side believes. that's all great news. the bad news is it's not obviously what the path is, the direct path is to getting an agreement. you can say, yes, there will be some spending cuts or freeze over a number of years, but that path is not obvious at that point, which is why i think people should still worry. >> we're working with janet yellen, you know, x date as soon as june 1st. that's sort of a span because of the nature of the government's finances at the same time, that x date is fine, but we don't need a default in order to get a credit rating downgrade i don't know if that's something the markets are factoring in >> well, i don't think they're discounting a downgrade, no. that would be truly catastrophic because it's the treasury's rating is downgraded, lots of downgrades will occur. anything -- any institution
and, two, both sides believe not raising the debt ceiling would be very bad. and probably are unwilling to try to play a game where it's not raised and there's a market fallout but they can blame the other side i don't think that's what either side believes. that's all great news. the bad news is it's not obviously what the path is, the direct path is to getting an agreement. you can say, yes, there will be some spending cuts or freeze over a number of years, but that path is not obvious at...
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Sep 18, 2013
09/13
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but he said raising the debt ceiling doesn't mean that you're raising debt. you say? >> raising the debt ceiling is kind of like lowering the blood alcohol from .1 to .08. it doesn't change anything. the public doesn't want to raise the debt ceiling because they don't want the government spending more money. that's what it is. >> i wonder what the consumer protection agency would think about sending a student with a credit card with $50,000 car with a $50 though limit. would they like it? >> no, they wouldn't. >> all right. thank you very much. >>> we have two hours to go before we get the decision. >>> also, coming up, apple will release the latest version of the operating system. and coming to the "squawk on the street," the new iphones. [ mal] staying warm and dry has never been our priority. our priority is, was and always will be serving you, the american people. so we improved priority mail flat rate to give you a more reliable way to ship. now with tracking up to eleven scans, specified delivery dates, and free insurance up to $50 all for the same low rate. [ w
but he said raising the debt ceiling doesn't mean that you're raising debt. you say? >> raising the debt ceiling is kind of like lowering the blood alcohol from .1 to .08. it doesn't change anything. the public doesn't want to raise the debt ceiling because they don't want the government spending more money. that's what it is. >> i wonder what the consumer protection agency would think about sending a student with a credit card with $50,000 car with a $50 though limit. would they...
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Sep 27, 2021
09/21
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the senate will vote on a bill that funds the government through december 3rd and raises the debt ceiling through december 2022. but republicans plan to block this bill as a way to protest democrats' big social spending package. democratic leadership is promising that package will come up for a vote sometime this week in the house even though there are still major differences in their party about it but democrats want to show that they are making progress as a way of placating progressives who are threatening to tank the infrastructure bill when that comes up for a vote in the house on thursday unless they can show that the rest of president biden's agenda can move along with it speaking to reporters, after getting his booster shot today, biden did acknowledge that these deadlines are aggressive and the timing could slip. >> well, it may not be by the end of the week. i hope it's by the end of the week but as long as we are still alive we have three things to do the debt ceiling, continue resolution, and the two pieces of legislation if we do that, the country is going to be in great shap
the senate will vote on a bill that funds the government through december 3rd and raises the debt ceiling through december 2022. but republicans plan to block this bill as a way to protest democrats' big social spending package. democratic leadership is promising that package will come up for a vote sometime this week in the house even though there are still major differences in their party about it but democrats want to show that they are making progress as a way of placating progressives who...
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Jan 16, 2013
01/13
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shall not bestio as a means to get around a congressional vote on raising the debt ceiling. the white house has said, indicated through the spokesman, that they have no interest in doing that. they don't think they are entitled to do that. why do you think they are so cool on this idea and can they envision their point of view changing. >> if congress is ultimately so irresponsible that it plunges this country into default, it will be a new day for the president and he will have to decide whether to use that authority to rescue the economy from catastrophe. i can see why the president would be restrained on it. he wants to negotiate number one. he wants congress to be responsible, number two. you know, in the past, the debt ceiling was an opportunity for grand standing by both parties. in fact, senator obama voted against the debt ceiling increase. but it's been weaponized now. it has gone beyond grand standing into lectures on fiscal responsibility to justify -- go ahead. >> i see that and i absolutely -- i understand that. but one of your colleagues yesterday, tom grays of
shall not bestio as a means to get around a congressional vote on raising the debt ceiling. the white house has said, indicated through the spokesman, that they have no interest in doing that. they don't think they are entitled to do that. why do you think they are so cool on this idea and can they envision their point of view changing. >> if congress is ultimately so irresponsible that it plunges this country into default, it will be a new day for the president and he will have to decide...
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Aug 25, 2017
08/17
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debt ceiling will be raised in september. i had discussions with the leaders in both parties and in the house and senate and we are all in the same page and the government intends to pay itself debts and the debt ceiling will be raised. >> i have questions for the president. when the vice president was in the region, almost every nation you went to expressing u.s. military involvement in venezuela. will that be enough to dissuade the president from taking any military action and if military action -- what is the national securityimplication of the united states? >> the vice president has a successful trip through latin america, i don't think there is any a time when we are better align than our partner in the region than we are aligned with today. in terms of military options, further options, there is no such thing anymore as only a military option or diplomatic option or an economic option we try to innovate all elements together trying to envision what might trigger us to bringing to the president's options, we always look
debt ceiling will be raised in september. i had discussions with the leaders in both parties and in the house and senate and we are all in the same page and the government intends to pay itself debts and the debt ceiling will be raised. >> i have questions for the president. when the vice president was in the region, almost every nation you went to expressing u.s. military involvement in venezuela. will that be enough to dissuade the president from taking any military action and if...
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Jan 2, 2013
01/13
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the debt ceiling? what kind of spending cuts would have to be included in a grand agreement for to you get on board with that, if you would? >> yeah, i doubt i would ever agree to such a thing. it's not spending cuts. it's reshaping the way future entitlements are delivered because that's what consumes every dollar in our general fund in the future. >> sir, i hear you. we certainly hope that it's not as ugly as it was in august of '11 on this debt ceiling debate. >> but we need to toughen up. look, for those folks watching the vix and the market, this is what 2013 is about. we'll have continuing resolutions because we can't get the senate to do a budget. you know, we're going have the debt ceiling. we have pushed off our responsibility for decades. the roosters have come home to roost. >> all right. good to see you, congressman. thank you much for joining us. see you later. new jersey's republican governor has called out gop leaders in the house for failing to call a vote on aid for victims of supersto
the debt ceiling? what kind of spending cuts would have to be included in a grand agreement for to you get on board with that, if you would? >> yeah, i doubt i would ever agree to such a thing. it's not spending cuts. it's reshaping the way future entitlements are delivered because that's what consumes every dollar in our general fund in the future. >> sir, i hear you. we certainly hope that it's not as ugly as it was in august of '11 on this debt ceiling debate. >> but we...
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Sep 28, 2021
09/21
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ceiling limit to be raised? what is their, what is their bargain? >> yeah, so that's part of the stalemate here is that the gop hasn't asked for anything because they say that democrats do have the power to do this on their own using that reconciliation process they say they've been telling democrats to do this since july. democrats simply have refused to listen so there's not really a force that's able to occur here because there aren't policy concessions that either side can make this is simply something that there's a disagreement on. democrats, they say, can do it on their own democrats say they're unwilling to do so because that process is too risky and now, we are about three weeks away from potential default and there's no path forward. >> why do they say it's risky? what's the risk of using reconciliation to raise the debt limit? >> so the process they use to do this is incredibly tricky. they would have to go back to both the house and the senate budget committees in order to do it it would require pote
ceiling limit to be raised? what is their, what is their bargain? >> yeah, so that's part of the stalemate here is that the gop hasn't asked for anything because they say that democrats do have the power to do this on their own using that reconciliation process they say they've been telling democrats to do this since july. democrats simply have refused to listen so there's not really a force that's able to occur here because there aren't policy concessions that either side can make this...